Examples of Petroleum Regulation in a sentence
Within thirty (30) Days following the completion of the appraisal work and in any event, subject to Article 11.2 above, prior to the expiration of the Exploration Phase, the CONTRACTOR shall submit to the Operating Committee for approval the Discovery report and plan of development and production referred to in Article 27 of the Petroleum Regulation.
In accordance with Section 40 of the Petroleum Code, the CONTRACTOR has the right to proceed with Exploitation of the said Discovery after having obtained the necessary Exploitation Authorisation according to the procedures defined in the Petroleum Code and the Petroleum Regulation.
Subject to the provisions of this article, the terms and expressions defined in the Petroleum Code and in the Petroleum Regulation shall have the meaning given to them in those texts.
The Parties shall comply with the provisions of Title XIII of the Petroleum Regulation pertaining to the valuation of Hydrocarbons.
This obligation shall survive until expiration of the Contract in accordance with Article 109 of the Petroleum Regulation.
In such case, the renewal is granted to the CONTRACTOR in accordance with the terms provided in Section 28 of the Petroleum Code and Articles 21 and 22 of the Petroleum Regulation, and cannot be refused if the conditions required of the CONTRACTOR by these provisions have been fully satisfied.
The royalty payable by the Contractor shall be at the rate stipulated in Regulation 61 of the Petroleum Regulation (the “Royalty”).
Pursuant to Article 50 of the Petroleum Regulation, if such formal notice is not responded to, the STATE may carry out the work that is necessary in order to fulfill the obligations identified in Article 49 of the Petroleum Regulation, at the expense of and for the account of the CONTRACTOR.
This Booking Manual sets out details for; Determination of Qualified Need based on the DSRN Financial qualification of shipper Booking processes Bottleneck procedure Process for release of capacity due to revised Qualified Need figures This Booking Manual is developed according to the process described in Section 59, 4th paragraph of the Petroleum Regulation.
This Booking Manual sets out details for;• Determination of Qualified Need based on the DSRN• Financial qualification of shipper• Booking processes• Process for release of capacity due to revised Qualified Need figures• Interruptible capacity concept• Special curtailment concepts as bottleneck curtailment and capping of nominations at Exit Points in Area D This Booking Manual is developed according to the process described in Section 59, 4th paragraph of the Petroleum Regulation.